Digital Currency Group And Genesis Reach Restructuring Agreement With Creditors

The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co. Genesis, a subsidiary of Digital Currency Group, has reached a restructuring agreement with key creditors according to statements by Cleary Gottlieb attorney Sean O’Neal, representing Genesis. It would see the sale of Genesis Global Trading, amongst other moves designed to “maximize the recoveries to the estate.” Also included in the deal will be restructurings of the debt that Digital Currency Group, who owns Genesis and its entities, owes to Genesis Holdco, which was one of the legal entities that

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Author: coinmaker